President Donald Trump has signed two executive orders designed to accelerate U.S. quantum computing development and prepare federal agencies for the potential security risks posed by future quantum machines.

According to the White House, Trump approved the measures on June 22 as part of a broader effort to strengthen American leadership in quantum technologies, a field widely viewed as critical for future advances in computing, communications, and cybersecurity.

Speaking during the signing event, Trump said “quantum technologies represents the next generation of innovation across computing, sensing, and networking,” adding that the sector carries significant implications for economic growth, scientific research, and national security.

The first order, Executive Order 14411, establishes the Quantum Computer for Application Development and Discovery Science, or QC-ADDS, initiative. Under the directive, the Department of Energy must identify technical requirements for an advanced quantum computer within 90 days and work toward deploying at least one such system at a federal research facility. 

The Department of Commerce is also tasked with exploring ways to encourage participation from private-sector quantum computing companies.

Additional provisions require federal agencies, including NASA, the Department of Energy, the National Science Foundation, and the Department of Commerce, to develop five-year plans for advancing quantum sensing and networking technologies.

The order also includes measures aimed at strengthening domestic supply chains, expanding the quantum workforce, and increasing protections for sensitive research.

Federal agencies are assessing post-quantum security risks

Of particular interest to the crypto industry, the order directs intelligence agencies to assess how increasingly powerful commercial quantum computers could affect national security, including the transition to post-quantum cryptography.

The directive arrives as concerns persist over the hypothetical arrival of “Q-Day,” the point at which quantum computers become capable of breaking encryption systems that currently secure financial networks, government infrastructure, and blockchain wallets.

While no existing quantum computer poses such a threat today, policymakers and cryptography experts have increasingly called for preparations to begin before the technology reaches that stage.

According to a recent report from Coinbase’s independent advisory board of cryptography experts, the Bitcoin community should start planning a migration path to post-quantum cryptography rather than waiting until quantum computing becomes an immediate concern. The report stated that uncertainty surrounding future advances in the field justifies early preparation.

Crypto projects are already preparing for future threats

Discussions around quantum-resistant security have also expanded beyond Bitcoin.

Recently, Binance founder Changpeng Zhao proposed a future migration period for Bitcoin holders following any transition to quantum-resistant cryptography. Zhao argued that vulnerable legacy addresses should not remain exposed indefinitely if quantum computers eventually become capable of breaking existing security models, while emphasizing that any protocol change would require community consensus.

Elsewhere, researchers associated with the Ethereum Foundation’s Kohaku privacy project have suggested that Ethereum accounts could begin adding certain post-quantum protections without waiting for a hard fork. According to Kohaku lead Nico, wallet-level protections could be introduced through smart contract logic while longer-term protocol upgrades continue to be explored.

Meanwhile, the Algorand Foundation has released a roadmap intended to make the layer-1 network broadly quantum-resilient by the end of 2027. The foundation said the initiative will cover user accounts, wallets, developer tools, staking infrastructure, and consensus systems.

As governments increase investment in quantum computing research, blockchain developers and cryptography experts are increasingly examining how existing security systems can be upgraded before quantum computers become capable of challenging today’s encryption standards.

Bitcoin (BTC) continues to exhibit a strong technical setup after holding a weekly close above $63,000 for three consecutive weeks since tagging a new 2026 low near $59,000. This pattern closely resembles a bottom-building phase seen in previous trend reversals in bearish periods.

At the same time, Bitcoin futures open interest has fallen 19.5% from its June peak, funding rates have cooled to 0.02% from 0.1%, and spot Bitcoin exchange-traded fund (ETF) outflows have slowed sharply to $540 million over the past two weeks from $5.5 billion the prior month. 

Together, the data points to a market that is shedding excess selling pressure while holding near a key support zone for BTC. 

Bitcoin’s weekly chart echoes prior market bottoms

Bitcoin’s recent weekly price action resembles a pattern seen several times since 2023. Once a local bottom is established, the price often trades close to that range for weeks before a sustained uptrend develops. One exception came in November 2025, when the price spent roughly 10 weeks moving sideways above $88,000 before breaking lower to the $60,000 level. 

BTC/USD, one-week chart. Source: Cointelegraph/TradingView

The current setup also resembles the price from late 2022 and early 2023. During that period, the weekly relative strength index (RSI) entered oversold territory, recovered, and later formed a higher low, while the BTC price printed a lower low, creating a bullish divergence. That bullish divergence marked a key turning point, preceding the broader uptrend that developed during 2023. 

The focus is now on the $63,000 area, where the price has formed a positive RSI divergence. The repeated weekly closes above $63,000, keeps Bitcoin trading above its recent low at $59,000 rather than extending towards it. The behavior fits a range-building phase that has appeared near previous turning points, as identified in the chart. 

Related: US dollar strength hits highest since May 2025: Five things to know in Bitcoin this week

BTC futures turn less crowded as ETF sell-pressure eases 

Bitcoin derivatives markets have become notably less crowded over the past three weeks. Bitcoin funding rates cooled to 0.02% from 0.1% at the start of June, reducing signs of aggressive long positioning.

Bitcoin funding rate on all exchanges. Source: CryptoQuant

Crypto analyst Woominkyuu noted that total Bitcoin open interest across exchanges peaked at $25.96 billion on June 1, then fell to $20.89 billion by June 21. The 19.5% decline exceeded Bitcoin’s 11.4% price drop during the same period.

The simultaneous decline in the price and open interest typically signals that existing positions are being closed or liquidated rather than new leveraged bets entering the market. This indicates a significant reduction in excess leverage. It also points to limited evidence of aggressive new short positioning at current levels.

Spot Bitcoin ETF flows show a similar shift with $5.5 billion leaving the spot ETFs between May 15 and June 11. The outflows over the past two weeks total about $540 million, marking a sharp slowdown in selling activity.

Weekly spot BTC ETF netflows. Source: SoSoValue

Onchain data paints a mixed but constructive picture. Bitcoin researcher Axel Adler Jr. highlighted that long-term holders’ realized supply recently reached 12.42 million BTC, a level associated with supply maturation and coins moving into stronger hands. 

At the same time, Bitcoin’s sales pressure metric has stayed inactive for 1,256 consecutive days, the longest stretch on record. The data points to continued supply maturation alongside other signs that Bitcoin may be stabilizing near a potential cycle low.

Bitcoin LTH realized supply. Source: Axel Adler Jr.

Related: Strategy adds $300M to USD Reserve, acquires 520 BTC

Key takeaways

• Ethereum (ETH) has rebounded about 4% over the past week, but overall market sentiment remains weak.
• Hawkish signals from the Federal Reserve have reduced expectations for interest rate cuts and increased pressure on risk assets.

Ethereum recovery faces macro headwinds

Ethereum has posted a modest 4% recovery over the past seven days as the broader cryptocurrency market staged a technical rebound. 

However, the bounce has done little to improve overall sentiment, which remains under pressure from worsening macroeconomic conditions.

Investor confidence took another hit after recent comments from Federal Reserve Chairman Kevin Warsh signaled a tougher stance on inflation. 

His remarks suggested that monetary policy could remain restrictive for longer, fueling concerns that interest rate hikes may still be on the table.

The shift has challenged earlier expectations that the Federal Reserve would begin cutting rates this year, creating a less favorable environment for risk assets such as cryptocurrencies.

Earlier in the year, many analysts expected one or two rate cuts from the Federal Reserve. Those expectations have weakened significantly as inflation continues to run above the central bank’s target.

Warsh’s comments reinforced concerns that policymakers remain focused on controlling inflation, even if tighter monetary conditions weigh on financial markets.

Historically, higher interest rates reduce liquidity and investor appetite for speculative assets, making cryptocurrencies particularly vulnerable during periods of monetary tightening.

Ethereum struggles at key resistance level

Ethereum’s recent recovery stalled near the $1,800 level, an area that previously served as support but has now become a significant resistance zone.

If selling pressure continues and ETH fails to reclaim $1,800, the next major support level sits near the April 2025 low of $1,400.

A move to that level would represent roughly an 18% decline from current prices and further deepen Ethereum’s yearly losses.

Among the largest cryptocurrencies, Ethereum has been one of the weakest performers, even lagging behind competitors such as Solana during the current market cycle.

The Relative Strength Index (RSI) has improved from oversold conditions but remains weak.

Currently hovering around 40, the indicator is approaching levels that could reinforce bearish momentum if selling pressure increases.

From a broader technical perspective, Ethereum’s weekly chart continues to reflect a fragile market structure.

Unless buyers successfully push the price above $1,800, analysts expect the downtrend to remain intact, increasing the likelihood of a retest of lower support zones.

Key takeaways:

• The Bitcoin funding rate climbed to 7%, showing confidence, but spot ETF outflows keep a $70,000 breakout on hold for now.
• Strong order-book bids and lower oil prices helped, but weakness across stocks, bonds, and gold signals a preference for cash.

Bitcoin (BTC) flirted with the $65,500 level on Monday after US Vice President JD Vance said that the Strait of Hormuz remains open amid “encouraging progress” on talks with the Iranian delegation in Switzerland. Bitcoin traders showed signs of optimism through growing demand for bullish leveraged positions, raising the question of whether $70,000 is next.

Bitcoin perpetual futures annualized funding rate. Source: Laevitas

The Bitcoin perpetual futures annualized funding rate jumped to 7% on Monday, its highest level in nearly three weeks. Although still within the neutral 6%-12% range, the indicator reflects growing confidence among bulls. Part of the optimism likely stemmed from Brent crude oil prices declining to $77.50, their lowest level since March.

Crude Brent oil, USD (left) vs. Nasdaq 100 futures (right). Source: TradingView

The Nasdaq 100 Index posted a modest 1% decline as artificial intelligence stocks weakened. SpaceX (SPCX US) shares dropped 13% after the company announced plans to raise debt despite holding more than $100 billion in cash. Investors fear the sector will need higher investments for longer before turning profitable.

Bitcoin options premium put-to-call ratio at Deribit, USD. Source: Laevitas

Demand for put (sell) options outpaced call (buy) instruments by over two times on Monday, signaling stronger demand for downside price protection. The indicator has leaned toward bearish strategies since Friday, reversing the trend from the prior week. 

Strategy eases concerns, but stocks and bonds signal increased risk

Part of traders’ concerns stemmed from weakness in Strategy’s (STRC US) valuation. Shares of Strategy traded 13% below the $64.1 billion cost to acquire BTC 847,363. Despite holding a comfortable $6.75 billion in debt, investors feared the company would need to sell reserves. Those concerns eased somewhat as Strategy announced a $300 billion additional cash position.

Aggregated Bitcoin orderbook 1% liquidity delta, USD. Source: CoinGlass

Bids on major exchanges’ Bitcoin order books exceeded offers by $12 million on Monday, reversing the weekend trend. Consequently, Bitcoin’s failure to hold the $65,000 level should not signal weakness, especially since gold traded down 0.9% on Monday while investors sold US government bonds.

Related: Bitcoin tipped for $66K top as trader flags ‘suspicious’ BTC price gains

Gold/USD (left) vs. US 5-year Treasury yield (right). Source: TradingView

Higher yields on US Treasuries signal that investors demanded higher returns to hold those bonds, whether driven by inflation or by the anticipation of dilution from rising US government debt levels. The simultaneous weak performance across stocks, bonds, and gold points to a preference for cash positions, creating a cautious backdrop for Bitcoin.

Weak demand for US-listed Bitcoin exchange-traded funds (ETFs) continues to weigh on investor sentiment after six weeks of outflows. Bitcoin spot ETFs saw $228 million in net outflows the prior week, according to CoinGlass data. Consequently, the odds of a short-term Bitcoin rally to $70,000 look limited.

Bitmine has purchased another 52,203 ETH worth about $90 million, bringing its holdings to 4.7% of Ethereum’s total supply.

According to a company update released on Monday, Bitmine’s latest purchase increases its exposure to Ethereum despite continued weakness in the broader crypto market and repeated rejections at key price levels for the asset.

The company said its balance sheet now includes approximately $10.7 billion in crypto assets, cash, marketable securities, and strategic investments, including stakes in Eightco and Beast Industries. With the latest acquisition completed, Bitmine remains one of the largest corporate holders of Ethereum.

Commenting on the company’s outlook, Bitmine chairman Tom Lee said he expects tokenization and advances in artificial intelligence to drive future demand for blockchain networks and digital assets. Lee also reiterated his view that the crypto market remains in the early stages of what he previously described as a “crypto spring.”

Ethereum purchases continue as holdings approach target

Less than a year after launching its Ethereum treasury strategy, Bitmine has accumulated enough ETH to control 4.7% of the asset’s supply, according to the company. The latest purchase leaves the firm roughly 94% of the way toward its publicly stated goal of holding 5% of all Ethereum.

Recent fundraising efforts have helped finance that expansion. Earlier, crypto.news reported that Bitmine’s board approved a cash dividend of $0.1056 per share for holders of its 9.50% Series A Perpetual Preferred Stock, which trades on the New York Stock Exchange under the ticker BMNP.

The company said the dividend will be paid on July 10 to shareholders of record as of June 30.

Introduced in June to support the Ethereum treasury business, the preferred stock offering consisted of 3.5 million shares sold at $80 each on June 10. Bitmine reported net proceeds of approximately $273.8 million after fees and expenses.

At the time of the offering, Lee stated that the proceeds would be used to fund additional Ethereum purchases, while income generated from staking activities would help cover dividend payments.

Staking revenue rises despite unrealized losses

While Bitmine remains underwater on its overall Ethereum position, the company reported that staking has become a growing source of revenue.

According to Bitmine, 4,718,677 ETH valued at more than $8.2 billion at current prices has already been staked. Based on current yields, the company said annualized staking revenue has increased to approximately $223 million.

Providing additional projections, Lee stated that annualized staking rewards could rise to about $268 million once all of Bitmine’s Ethereum is fully staked through MAVAN and its staking partners. He attributed the estimate to a 2.73% seven-day BMNR yield.

The latest figures represent an increase from Lee’s earlier estimate of roughly $219 million in annualized staking rewards, which he discussed when the preferred stock offering was announced.

Bitmine’s accumulation strategy continues to place it among the largest corporate crypto holders. According to the company, only Michael Saylor’s Strategy currently holds a larger overall cryptocurrency treasury.

Strategy disclosed another Bitcoin purchase this week, adding 520 BTC to its reserves, although the acquisition was significantly smaller in dollar terms than Bitmine’s latest Ethereum buy.